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Canoo Inc.Canoo Inc.Canoo Inc.

Canoo Inc.

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GOEV trade ideas

$GOEV - Forming a base. Symmetrical triangle breakout watch$GOEV - Canoo is currently in stage 1 bottoming process. A break above $8.50 would mean a break out from symmetrical triangle and the price could reach $12.88. It could also kick start the Stage 2 up trend. Target 1 - 8.50 Target 2 - 12.88 Target 3 - $15 Risk - failure to break out above 8.50 to 9. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:GOEV
by PaperBozz
2
$GOEV - Descending wedge break out - best case 20Canoo has been in descending wedge for the better part of the year. It has recently broken out of the pattern. Currently forming a pennant which could potentially resolve to the upside. Remember pennant can resolve to either up or down side. Reason for putting weight on resolving to the upside is because of the improvement in sentiment and positive news flow. Good case - 15 Best case - 20 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:GOEVLong
by PaperBozz
1
CANOO only to 12 max for nowwhy? In the absence of good news (sells or contract) Management and leadership failure (no sells or any contract) and probably internal dispute due to ego and $$$ No hype, the EV hype is over by Jan as I've argued before No volume; in addition to small investors are been trapped If we get lucky, the rebound can go back to 12 max for now. And yet, I really like CANOO concept... And yet, I learned that I should not be too attached to any stock Therefore, I assume we entered into capitulation territory in terms of investment psychology.
NASDAQ:GOEVLong
by wuweiparis
$GOEV - Found base. Breakout Target $20Forming base inside the descending wedge. Break out from descending wedge could send the stock to $20. Target 1 - $15 Target 2 - $20 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:GOEVLong
by PaperBozz
$GOEV - Canoo most likely found a basePer fib extension, canoo may have found the bottom. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:GOEVLong
by PaperBozz
1